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Board Gambling
Re: DaDice.com - Next Gen Social Gambling Dice Experience | Progressive Jackpot
by
dadice_dev
on 04/08/2015, 09:25:48 UTC
See this and say why you are Apathetic respect to problems ....

https://bitcointalk.org/index.php?topic=307425.msg12039852#msg12039852

We are expanding on all ends and are constantly improving, however until API is slow, these bots are working normally on alternative modes. Also if API is slow for one individual, its not necessary that it will be slow for you too (due to some networking issues).
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Topic
Board Gambling
Re: DaDice.com - Next Gen Social Gambling Dice Experience | Progressive Jackpot
by
dadice_dev
on 18/07/2015, 18:25:33 UTC
The probability of btoh is 0.01% and after analysing (before announcement of jackpot) each archive database, we found that probability of hitting both is in average of 0.01% exactly as it should be... The reason why 99.99 jackpot normally goes sooner is because default selection site is to Roll Over to win, and jackpot requires the bet with 99.99 or 0 to be a winning bet. So when jackpot is to hit 0.00, only the number of people who intend to hunt jackpot switch to roll under mode.
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Topic
Board Gambling
Re: DaDice.com - Next Gen Social Gambling Dice Experience | Progressive Jackpot
by
dadice_dev
on 12/07/2015, 12:53:32 UTC
Explanation on BET/RETURN table

While it is evident that display of BET/RETURN columns causes no error in balance calculations but yes this is not a conventional dice implementation which causes confusion to new users who come from a different dice site. Let me explain how it works:

Suppose you bet 0.00000100 on 2x payout.

On a WINNING roll event:

BET column will show 0.00000100 while RETURN column shows 0.00000200
The reason is simple, you wagered 100 satoshis, you get 200 satoshis in return.

On a LOSE event:

BET column will show 0.00000100 while RETURN column shows -0.00000100
Standard practice here on other dice sites is to show 0 as return.
However, in Da Dice interface, RETURN column is the only column with colored amounts...
...so display of negative BET amount here shows the player lost 100 satoshis on this bet
which we feel is easy to spot in our interface.

We might as well change the RETURN to 0 on lose events but this has been the part of whole Da Dice experience lately.
For instance, ALL BETS tab is propagating very fast, while focusing only on RETURN column and with help of colors, its is easy to see what people are losing or winning.

p.s. Only difference between LITE mode and FULL mode is dispaly and rendering of ALL BETS and HIGHROLLERS tab.
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Topic
Board Gambling
Re: DaDice.com - Next Gen Social Gambling Dice Experience | Progressive Jackpot
by
dadice_dev
on 12/07/2015, 12:36:35 UTC
WE HAVE A NEW JACKPOT WINNER!

Congratulations to @bank3 for being the 6th Winner of our progressive jackpot!

Bet ID #429594937 won it and and the Jackpot share of 0.28009533 BTC was credited!

Next target once again a roll of 99.99, with bet ID and timestamp prime numbers.

Want the Jackpot?
The solution is simple…

Keep Rollin' !!

My congratz to him. BTW why wasn't it automatically credited ?

Due to some technical reasons Smiley anyway it was credited this morning.
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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 11/07/2015, 17:05:03 UTC
As informed you in chat, termonilogies have been updated.

In other words, the OP was correct all along. DADICE had misleading information and was, in fact, exposing investors to more risk than their Kelly. It's good to have that straightened out.

I would have agreed to that if leen (i) wasn't one of the beneficaries of investment program,  (ii) didn't know about max. payout being 20 BTC, she could lie as usual but she cannot deny her own roll with payout over 18 BTC. (iii) hadn't lied about skype conversations and twisting words, (iv) after processing her withdrawal requests right on the moment, she was told the we will talk to her next morning, (v) went behind our back and contacted our ex-staff. (vi) leen has history of slandering dadice and associating lies with us, this happened in earlier months as well.



Well in that case it seems that leen knew about it so she can't really complain personally BUT the issue was there anyways. I see that you are changing it and i think that's the way to go if you and your team want to be trusted again.

Yes, thank you for your kind comments. Dooglus's reputation and knowledge is unrivaled therefore no one can deny that. As promised we will soon address all other concerns this community has with Da Dice.
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Board Gambling
Re: DaDice.com - Next Gen Social Gambling Dice Experience | Progressive Jackpot
by
dadice_dev
on 11/07/2015, 17:02:47 UTC
You are not number 1 in features, you copied everything from all other sites and there isn't anything new on your site except problems like not showing players that they can actually be paid if they win, admitting that you will not pay if they win too much and exposing investors to greater risk than they were made aware of.

As for number of rolls, you are kidding right? That's how you determine growth?
The only stat that matters in determining a successful gambling site is amount wagered. You can check the leading dice sites here http://dicesites.com/

The expected profit on your 400 million satoshi bets is less than you pay out in faucet. That's your measure of success?


We measure our success on scale of how happy our players are and how much they want to be around us all the time. We don't run dictatorial thread like yours therefore we can only inform you that you're not welcome here anymore. Thank you for bringing these many facts to our knowledge, nevertheless adveritisng your site in other competitive threads is considered as spam.
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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 11/07/2015, 16:51:47 UTC
As informed you in chat, termonilogies have been updated.

Thanks. I think that's a lot less confusing:

http://i.imgur.com/yASlDFO.png

Although I think it would be better to explicitly state how things work. A smart investor will want to risk something between 0.5 and 1 times the Kelly amount. First off, they are going to need to know what "bankroll: 621.7470" means. Is that the actual number of Bitcoins you have invested? Or is that the sum of each invested amount times the risk factor? I'm guessing its the latter, but am not sure. That should be cleared up somewhere.

Assuming that is the case, and that I want to risk a full Kelly, I need to set my risk to bank/maxprofit/100 = 621.747/20/100 = 0.31x - which isn't an option. The smallest you allow is 0.5x, which is almost twice a fully Kelly, which is too much.

Yes dooglus, You are right and I didn't deny it earlier either. We will get the new manual in place until the max. payout remains at 20 BTC but as you explained in earlier posts, we will make the max. payout accordingly in near future (as soon as our commercial dept. is up for that). And all your other concerns regarding DA Dice will be addressed as well.
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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 11/07/2015, 16:50:18 UTC
As informed you in chat, termonilogies have been updated.

In other words, the OP was correct all along. DADICE had misleading information and was, in fact, exposing investors to more risk than their Kelly. It's good to have that straightened out.

I would have agreed to that if leen (i) wasn't one of the beneficaries of investment program,  (ii) didn't know about max. payout being 20 BTC, she could lie as usual but she cannot deny her own roll with payout over 18 BTC. (iii) hadn't lied about skype conversations and twisting words, (iv) after processing her withdrawal requests right on the moment, she was told the we will talk to her next morning, (v) went behind our back and contacted our ex-staff. (vi) leen has history of slandering dadice and associating lies with us, this happened in earlier months as well.

Post
Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 11/07/2015, 16:35:00 UTC
As informed you in chat, termonilogies have been updated.
Post
Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 11/07/2015, 16:23:01 UTC
Even if this is so, I don't see the reason to lose 29% at once! or could this be an inside job? Owner roll that bet and divested before it so the investor cover the most of that?

I think that has already been explained by dooglus that it is due to 20 BTC max. payout. And from our view, yes the max. payout has been and is 20 BTC and leen being totally aware of it.
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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 11/07/2015, 16:06:46 UTC
I can't see the invest option, so can someone say exactly how much risk is say 0.5x kelly subject to?

If a site has a 1% house edge, then investing at "0.5x Kelly" should mean that you are risking 0.5% of your bankroll at the most on each roll.

As I understand it, at DaDice, investing at 0.5x Kelly doesn't limit your exposure at all. If you are the only person invested in the bankroll and you invest 1 BTC at 0.5% Kelly, you are risking over 100% of your 1 BTC, because the site offers a payout of 20 BTC no matter how much is in the bankroll. At DaDice your "Kelly" factor doesn't limit your maximum risk. All it does is change your proportion of the total risk relative to other investors.

In other words, if all the investors were at 0.5x Kelly, it would be exactly the same as if all the investors were at 10x Kelly. The maximum bet would be the same, and amounts risked would also be the same.

I'm not able to see the investment interface. It was hidden a while ago.

Could it be un-hidden on my account so I can see how it looks? My name at DaDice is "doog" (it seems someone already registered "dooglus").

Not to forget all the investors are aware of 20 btc max. payout and they were also covered by 500+ BTC on kelly 1 of our own bankroll. So even in this case major part of discussed specific payout was paid from sites own bankroll.

EDIT:

Investments should be shown to you now on left menu.
btw. "dooglus" was registered on 2nd march (as the site launched), so might as well be you.
Post
Topic
Board Gambling
Re: DaDice.com - Next Gen Social Gambling Dice Experience | Progressive Jackpot
by
dadice_dev
on 11/07/2015, 09:53:05 UTC
https://blockchain.info/address/1P3izkknjShUXkGP3WhK38ZkEGJyMY2tXs

My deposit not get credited after 20 hours so solve this problem asap.

The problem was that we didn't receive any notification for the transaction made. It is happening a few times lately, but still a rare case. As you had also contacted support, your deposit has been credited already.

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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 10/07/2015, 14:02:59 UTC
The only unethical thing in your posts is you went behind there backs. By saying "then this week can be the last at current system" is you acknowledging the fact that you have been fired. Looks like you guys have been hired by other party that has also hired bodgy Cheesy Its just my observation. No offense there!

You see! Seriously why is it this hard for them to understand their own words Cheesy
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Topic
Board Gambling
Re: DaDice.com - Next Gen Social Gambling Dice Experience | Progressive Jackpot
by
dadice_dev
on 10/07/2015, 13:30:14 UTC
Any chance you will start accepting new coins in the near future?

I know that there are many people in the Monero community who are always looking for new ways to spend their coins

Yes we will.

i dont know if gambling is necessarily "spending..." but accepting a new coin would require substantial bankroll of said coin, so i dont see that happening in the near future imo.

Not in our case. We use shapeshift.io for all Altcoins and don't need a Altcoin bankroll. All incoming Altcoins are immediately converted to bitcoin and the other way around if one likes to withdraw Altcoins.


Who is we? I thought you fired everyone.

No we only fired MixedIdeaz.com marketing team, we have already hired there replacement for customer support and we are revewing new marketing and PR team.
Post
Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 10/07/2015, 10:45:47 UTC
I am just saying that, although you and your site might be legit, your behavior it's making you look unprofessional and gives your site a bad image, i understand OP might have insulted you and your site but look at your replies to him and others, it's not the way to go.

exactly, even if you may feel insulted or whatever, its a fact that your posts on this forum represents your site; if this kind of behavior was demonstrated by a representative of any major international company they'd be fired immediately. pride and professionalism dont mix, especially in this kind of scenario.

Let's look at this overall thing from a different prespective for a moment? shall we?

I disagree and deny with what you said above  Smiley But is this me being unprofessional or rude? Neither! That is the whole point! I refered to leen as "manipulative" and "liar", and for both of these for which I have given undeniable evidences. I never called leen a "whore" (as suggested by dooglus) but instead if you read carefully I criticized him/her for creating a "whore show" as in slang-synonym for "fuck up" and "chaos" (TPB fans will understand). It is no different from dooglus stating "It will be interesting to hear DaDice staff try to explain their way out of this major fuckup." Just as usual dooglus's habit of not reading entire posts and jumping between lines took the best of him. To be honest, this entire thread is a fucking whore show indeed, for which I was compelled to write later: "starring dooglus".

Now lets have a look here:

Because they implemented the kelly criterion wrong.

It doesn't sound like they implemented it at all.

Instead of letting investors specify how much they want to risk per roll they just go ahead and risk up to 20 BTC per roll no matter what the investors decide.

This quote from dooglus and leen is enough to justify the entire situation. Now to deny this SCAM accusation, all we need to do is prove that the manual that leen is refering to was unlinked from the site long ago because it was not applicable, just like Dean has pointed out and reference links for previous conversations have been provided as well. And the second but most important aspect is to prove that leen was aware of 20 BTC maximum payout per roll. And that is exactly what we did!

This entire SCAM accusation was standing on 2 points as above, both crippled. We have had also explained this before and we did this again that we are offering MAX. PAYOUT as competitive figure and solely for commercial purpose and we will do this until it is commercially sound for us. Initially I did NOT mean to defy dooglus that is why I stated clearly:

Personally I agree that it should be based on bank roll but as I have suggested before this is a commercial decision not technical. And we do not need advices when it comes to commercial decisions, including but not limited to how we pay for signature campaigns, other events and everything. We may change this in future, right now, how are we going to pay is none of your concerns.

However, I think dooglus didn't just read my post and jumped in between lines. All our investors are aware of the risks, least of all leen is especially aware of the rules and risks. Leen has been investing with us before the investment program was private and came back on repeated requests after investment program became private.

My sincere apologise to dooglus if he was offended by anything we said, but again, I am the one carrying "dev" in my username, any technical point he wanted to discuss should have discussed with me only, and I have had already agreed that "yes!" kelly citerciton is not imlemented in complete form and also tried to explain him that this is how we started by this may change in future when we are commercially sound for that. So the decision is commercial, investors are fully aware of this and especially leen was aware of it. I have said it number of times already that the roll from leen that we have shown here is not based about profit (consecutive wins) but in fact the roll is about max. payout being 20 BTC. Anyway also thing to note that leen made that roll after she was fully divested and the bank roll at that time was no more then ~550 BTC.

We also made it very clear, if any investor considers he is not aware of risks mentioned, we can divest him to the point before that specific roll. If this is not fair, then what is? And yes, with only exception of leen because of her not acting in good faith and associating lies with us.

Now when it comes to QuickSeller, BodgyBrothers and few other of their alts, there are never here for reasoing of any sort, they are here to abuse/slander and spread FUD, and only justification they have is they "think" this is a SCAM and its been going on for months.
Post
Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 09/07/2015, 19:27:13 UTC
This is true, but unimportant. When applying the Kelly criterion, it's the profit that matters, not the payout. That is how Just-Dice was able to offer payouts of 7000 BTC to "mechs" even though the site's bankroll was only 50k BTC. That's over 10% of the bankroll. The reason is that his profit was only around 250 BTC per bet - or 0.5% of the bankroll.

That is the only meaningful and relevant part of your entire post. Since we are denying this scam accusation, we came with proofs of leen not acting in good faith and now you being accomplice for her lies. We have proved that leen was aware of max. payout for a long time and this entire SCAM accusation is based on her lying and not acting in good faith.

You have already given us negative trust, let it be, we do NOT need your or anyones advices on how much max. payout we should have nor how much we spending on marketing. Beat it!

Edit:

Only thing undisputed so far is our ability to pay. And this is again none of your concern and this is not relevant to SCAM accusation. Max. Payout is and has always been 20 BTC, it is the decision we understand and took for betterment of Da Dice. If we ever need commercial/marketing related advice, you are the last person I will consult with.

As said before we are not interested to discuss your "shoulds" and "coulds" and "woulds", They are totally irrelevant to this thread and totally irrelevant to us. (Just like it was expressed months ago)

Edit:

The case with crypto-games and Scrypt is totally different. There was a bug in their system, there is no bug with our investments but we do offer 20 BTC max. payout which our investors are aware of, Now you are only curious about our ability to pay big winner. Well we have NOT disappointed any big winner so far, and we will not disappoint them in future.
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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 09/07/2015, 18:15:36 UTC
We know the implementation of our investment program and fact that Max. payout is 20 BTC on site, and it has always been like there. This is a not a bug, this is how we want it to work.

It is very clear that you don't read all of the posts and only jump to what you think are important parts. If you did read the entire thread, you would know that leens bet was indeed 9 BTC profit (but in fact profit was way more, due to consecutive wins, but that is NOT the point), the point with that specific roll is MAX. PAYOUT OF 20 BET, and leen being totally aware of it.

Let us not forget that this thread is a "SCAM Accusation" thread, and the fact that OP has no credebility in his/her claims. OP just like all other investors was very well aware of max. payout being 20 BTC.  Also: Given the hypothetical situation, that you are trying to make a big deal out of, Player only wins as far as the bankroll exists and is positive. This is a major fuck up in your calculations, if there is no bankroll, there will be nothing to reward player out of. And thus my answer comes back into scene: We will pay as much as we can.

You definitely have some personal interest with Da Dice but rest assured we don't need your advice when it comes to marketing and commercial policies. I will prefer if you stick to the topic. This entire accusation is based on lie from a whining gambler trying to recover losses. If you are blind enough to see it, let me make it clear for you, Da Dice is a long term investment, we are financing marketing, signature campaigns, and other events, we even hired 3rd party marketing team for this purpose. We want to offer 20 BTC max. payout to our players (note this!), and there are many other things that we do and want to do, none of them should of your concern!

...And we don't need public investments! after the criticism we made it private and we are doing just fine without your advices on how should we run Da Dice.

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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 09/07/2015, 17:57:49 UTC
We didn't attack leen in anyway

No?

What's this?

most us know how much of a manipulative and crooked fellow you are

after creating a class A whore-show there

[etc.]


Dooglus, this is not what attack means, Leen is indeed and without any doubt manipulative and crooked, and created a whore show starring you right here in this very thread (yes welcome to the show!). And these are facts.

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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 09/07/2015, 16:23:58 UTC
We didn't attack leen in anyway, we just expose her lies and the fact that she was totally aware of effective MAX. PAYOUT on site for months. Decision to provide 20 BTC max. payout is totally a commercial one. There cannot be a better answer for such of a hypothetical question, "We will pay as much as we can!" ... "also thing to note is that we over 500+ btc of our own in bankroll". The phrase never means in any way that we will NOT pay people. We have paid leen, we will continue to pay everyone! If some one wins 100x 20 BTC, we will either have to arrange more or declare bankruptcy in given circumstances? Could there be a more reasonable answer to this?

Anyway, both of the issues were discussed in past, leen was totally aware of the MAX. PAYOUT on da dice so the entire accusation is null and void.

Jesus man, do your research. That isn't how most of them work. When you're dealing with investor funds and claiming to use the Kelly criterion, you should use the Kelly criterion and not just have a flat rate maximum payout of 20 BTC as it is also written in FAQ.

At Just-Dice, we guarantee that all winning bets will be paid out. There is no chance that any player can win more than the bankroll. That is because the maximum profit per bet is a fraction of the bankroll. How can you be operating in this space and yet fail to have even a basic understanding of how it works?

Personally I agree that it should be based on bank roll but as I have suggested before this is a commercial decision not technical. And we do not need advices when it comes to commercial decisions, including but not limited to how we pay for signature campaigns, other events and everything. We may change this in future, right now, how are we going to pay is none of your concerns.

With everytime you say investors, I take it as you meant to write "private investors" and I don't see any one else except leen complaining here because all of them are aware of 20 BTC max. payout and still have their investments with us. And as @dadice has perviously and very generously offered any of our private investor who wants to quit will be divested to the point prior to that particular roll except leen (for her not acting in good faith).

Thank you for your kind interest!
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Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 09/07/2015, 11:54:53 UTC


sounds plausible to me. Cheesy

but seriously, they already spent over 60btc on their sig campaign alone (https://blockchain.info/de/address/13tcm29K3N39uSsiDRLN9aQwLdvA9zFWJv) while only making  43btc profit on site (stats.dadice.com). and that profit probably also includes a substantial amount of faucet btc they already owned before. there is no way this is turning into something profitable.

are they some kind of honeypot? like the us gov going after american gamblers?   Grin

ps: I sell tinfoil for xmr, pm me  Wink


 I don't see how that is your problem... if anything, you should appreciate our efforts to revive this dice industry  Grin